The story coMadden NFL 24 added the word
There's no such thing as"signing bonuses" or "signing bonus" when it comes to Mut 24 Coins an endorsement deal. The endorsement contract is all that's needed. When you sign the contract in exchange for money or, in Lawrence's case you receive crypto. Although the term used in sports isn't a big deal but it's in this instance that things got a bit more complicated. In the wake of the Blockfolio press release, USA Today aggregated the announcement and the confusion began.
The story coMadden NFL 24 added the word "signing bonus" which was given on the Blockfolio press release. It also mixed it up with Lawrence's actual Madden NFL 24 award offered by the Jaguars and reported it to be $24.1M as well as using Spotrac as an source."The presumptive No. one overall selection in the 2021 Madden NFL 24 draft, probably headed to The Jacksonville Jaguars, has partnered with a world-wide cryptocurrency investment app called Blockfolio and is expected to deposit his signing bonus into an account of the company."
"According to Spotrac the sign-on bonus for Lawrence this season's no. 1 pick is an estimated $22.630.055." So now we have an endorsement contract with Blockfolio, which is likely to be quite modest when compared to other deals and was paid in crypto -- and recently, it's been tied to Lawrence's huge Madden NFL 24 signing bonus from the league, but misrepresented the fact that the money was deposited into crypto. It's unclear if this was a genuine error, or a plot to turn the report a bit more sexier, we're at the same position: An endorsement deal with a crypto-related company was paid with crypto and nothing more.
Then, on Tuesday, an editor from the Sun Sentinel took information published by Coinjournal and posted the following tweet, mocking that Jaguars QB. Of course, we know this is entirely inaccurate -- because there's no evidence that Lawrence spent $24 million on crypto. However this was cited in many news reports that stated that Lawrence has fumbled the bag even though that's not the scenario.
This is all good news. There is no reason to be concerned about anyone losing their money, not even as a form of schadenfreude. Trevor Lawrence is a really charming guy, and it feels rotten to think that he failed to make one of the biggest paydays of his career in football -- but instead he probably got a fraction of Cheap Mut 24 Coins the money out of the deal that he signed with his original endorsement. This is a bummer, but far from being a disaster.